Foxtons ( (GB:FOXT) ) has issued an update.
Foxtons Group PLC reported a robust financial performance for the year ended December 31, 2024, with a 47% increase in earnings driven by significant market share gains in sales and strong returns from lettings acquisitions. Revenue rose by 11% to £163.9 million, and the profit before tax surged by 121% to £17.5 million. The company completed strategic acquisitions in Reading and Watford, enhancing its market presence and unlocking new growth opportunities. Foxtons remains focused on its medium-term targets and plans to communicate the next phase of its growth strategy in Q2 2025. The company also emphasized its commitment to fostering a diverse and inclusive workplace, with improvements in employee engagement and retention.
More about Foxtons
Foxtons Group PLC is a leading estate agency company in the UK, primarily operating in the real estate industry. It is the largest lettings agent in London and the largest lettings brand in the UK, focusing on sales, lettings, and financial services. The company has a significant presence in the London market, with a strong emphasis on leveraging technology and data capabilities to enhance customer service and operational efficiency.
YTD Price Performance: -10.43%
Average Trading Volume: 443,004
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £187.8M
Learn more about FOXT stock on TipRanks’ Stock Analysis page.